Risk Manager - Centralized Exchange
New
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Sei LabsFinancial exchange
Workplace: RemoteFull-TimeManager
Salary not disclosed
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Job Details
- Experience
- 4–8 years in market, credit or margin risk at an FCM, clearing firm, DCO, broker-dealer or trading firm.
- Required Skills
- PythonSQL
Requirements
- Bring 4–8 years of market, credit or margin risk experience at an FCM, clearing firm, DCO, broker-dealer or trading firm.
- Have a strong command of futures and derivatives margining, including SPAN or similar, exposure measurement and liquidation practices.
- Have hands-on experience with limits, stress testing and risk reporting to senior management.
- Have working knowledge of FCM risk obligations, including Regulation 1.11, segregation and capital.
- Bring strong quantitative and data skills, including Python, SQL or advanced Excel.
- Write clearly for governance and regulatory reporting.
- Demonstrate the independence and judgment to challenge the business when needed.
- Be comfortable building processes from scratch in a fast-moving 0-to-1 environment.
- Have a clean regulatory record, with no NFA or FINRA disciplinary history.
- Nice to have: experience at a retail-facing or technology-first FCM.
- Nice to have: experience with perpetual futures, 24/7 markets, crypto or stablecoin collateral.
- Nice to have: experience building or reviewing a Risk Management Program, or exposure to CFTC/NFA exams; FRM, CFA or similar certification.
Responsibilities
- Help write and maintain the FCM’s Risk Management Program under CFTC Regulation 1.11, including risk appetite, tolerance limits, methodologies and escalation paths.
- Set and monitor pre-trade and intraday limits for market, credit, margin, concentration and volume exposure; detect breaches and escalate them promptly.
- Develop and monitor the customer-margin and risk-limit framework, including house margin add-ons, customer credit and concentration limits, deficit monitoring, liquidation thresholds and escalation procedures.
- Run stress tests, scenario analysis and exposure aggregation across customers, products and venues.
- Monitor liquidity, capital, counterparty and depository exposure with Finance, and oversee customer-fund segregation and residual interest.
- Assess clearing, settlement, contract-expiration, technology, data and third-party risks, including controls around order entry, position management and settlement.
- Prepare quarterly Risk Exposure Reports and interim reports when material risk exposures change; coordinate required regulatory filings.
- Track recommended Risk Management Program changes and remediation items through completion.
- Assess risks of new products, venues and clearing relationships before launch.
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